Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.
Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks
Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM.
Forex Firm CLS Invests $5 Million in Enterprise Blockchain Startup R3
U.S.-based FX settlement provider CLS has made a $5 million investment in blockchain software startup R3.